In a broadcast to the nation from his summer residence in the ancient city of Fez, King Hassan of Morocco, has outlined a series of measures designed to solve the country's foreign currency problems.
GV PAN: Town of Fez, Morocco.
GV: Royal Palace.
GV ZOOM IN TO CU: King Hassan of Morocco speaking in Arabic.
GV: officials listening.
SV AND CU: Prince Moulay Rachid listening (3 shots)
CU: Crown Prince Sidi Mohammed listening.
CU: Hassan continues speaking.
King Hassan also announced that imports into Morocco would be cut by 20 per cent and that efforts would be made to encourage tourists into the country. On the subject of the Moroccan military contingent in Zaire it was announced from Rabat that it would join up with troops from other African countries to be controlled by the Organisation of African Unity.
Script is copyright Reuters Limited. All rights reserved
Background: In a broadcast to the nation from his summer residence in the ancient city of Fez, King Hassan of Morocco, has outlined a series of measures designed to solve the country's foreign currency problems.
SYNOPSIS: Morocco's economic crisis has been caused by years of drought, increased prices for imports such as petroleum and greatly enlarged military spending -- including sending troops to the Middle East and Zaire.
Before speaking about the economic measures King Hassan told his people of his reasons for supporting President Mobutu Sese Seko's rule in Zaire. He said that Morocco was intervening for a second time and would do so again as long as the situation in Shaba province remained as something more than an internal problem.
Among those listening t his speech were the King's sons, Prince Moulay Rachid and Crown Prince Side Mohammed.
King Hassan added that Zaire was the victim of attacks coming from a system opposed to the spiritual and legal principles he felt needed to be upheld. In an effort to solve his country's foreign currency problems the King announced that the Moroccan dirham would be devalued to parity with the French franc -- to encourage the thousands of Moroccans working in France, Belgium and West Germany to send more of their earnings back home.